NEWS FROM NEW YORK: CHELSEA TO BE SOLD

Photo: © Suzanne DeChillo/The New York Times.

The downtown New York City hotel that made art history, The Chelsea, has been officially put on the block and will soon be accepting bids beginning next week, according to The New York Times.

Offers are expected to be between $90 million to $120 million.  Long term residents will be allowed to stay as long as their leases are in force; the new owners, however might not renew the leases. Times, they say, are a changing.

Owned by the same three families for nearly 70 years, residents included Bob Dylan, Charles Bukowski, Janis Joplin, Patti Smith, Leonard Cohen, Robert Mapplethorpe, Larry Rivers.

What artist hasn't checked in to this hotel?  And now, according to the Cheslea Hotel Blog, Levi's is using the hotel's fame to sell pants...in the UK!